Catylist ID:
#30826165
Bankruptcy Ordered Auction- 492 Unit Multifamily Portfolio/ Oakmont
Multi-Family
for Sale
Auction
| Catylist Listing ID: | 30826165 |
| Property Subtypes: | Government Subsidized, Low-Rise/Garden |
| Number of Units: | 336 Units |
| Building Size (RSF): | 1 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1 |
| Unit Price: | $0 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller, Other |
| Up For Auction: | Yes |
| Auction Type: | Absolute |
| Sealed Bids: | Yes |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/13/2023 |
Overview / Comments
|
PLEASE VISIT www.beauboxdealroom.com TO ACCESS ALL AVAILABLE INFO!! Federal Bankruptcy Auction. CASE NO. 22-10082, EASTERN DISTRICT OF LOUISIANA. 6 Multifamily Complexes. All complexes have been vacated. There is a preference to be Affordable Housing/Low Income, but not mandatory. Trustee will entertain separating the portfolio. Bid Procedure and other pertinent data will be added to the Deal Room as they become available. Please visit www.beauboxdealroom.com or call Burden Edmonds for more info. 1) Oakmont Apartments- 3690 Vespasian St., 2200 Westbend Pkwy- 328 Units 2) Cypress Park- 2110 Cypress Acres Dr.- 64 units 3) Forest Park- 2309 6th St- 20 units 4) Liberty Park- 2817 Liberty St- 10 units 5) Washington Place- 2316 Washington Ave- 25 unit 6) Riverview Apartments- 1029 Rev. Richard Wilson Dr, Kenner- 45 unit All roofs have been fixed and uninhabitable units are currently being gutted. ** Oakmont Apartments endured a fire in November 2022, destroying 4 buildings +/- 60 units. A new appraisal has been ordered and will be posted once complete.** No LIHTC have been used and are currently available. Bids are tentatively due March 30th, 2023. |
Attachments & Media
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Orleans |
| Submarket/Township: | Westbank |
| Tax ID/APN: | 513710702 |
| Percent Occupied: | 0% |
| Area Description: | Latest reports show a need for more than 30,000 Affordable Housing units in the Greater New Orleans Area. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 21,063 | 133,322 | 297,451 |
| Median Age: | 35.53 | 36.41 | 36.41 |
| Households: | 8,362 | 54,528 | 120,965 |
| The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
